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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Okeechobee at 581 SW 86th Ter, Okeechobee, FL, 34974 listed at $575,000 pairs $2,100/mo rent with a $2,814/mo payment. Total monthly income runs $2,100/mo. Return on cash invested measures 9.02% in year one, and rental yield registers 4.38% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 45.08% and total cumulative return in cash totals $85,271. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,100/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
1.01 Acres lot
$N/A/sqft
$25 monthly HOA
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,195 (100%) |
| Owner Occupied HU | 8,078 (56.9%) |
| Renter Occupied HU | 2,281 (16.1%) |
| Vacant Housing Units | 3,836 (27.0%) |
| Median Home Value | $201,752 |
| Average Home Value | $234,889 |
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
Date | Event | Price |
|---|---|---|
| 2024-10-28 | Listed for sale | $575,000 |
| 2022-11-22 | Sold | $40,000 |
| 2016-12-30 | Sold | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $2943.53 | 4.14% | $210,621 | 3.00% |
| 2022-02-15 | $2826.38 | -5.99% | $204,486 | -5.70% |
| 2021-02-15 | $3006.38 | 0.55% | $216,851 | 1.40% |
Listed by: James Jones • LAKE O REAL ESTATE, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OK224577
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
